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Updated over 16 years ago on . Most recent reply

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Joe Shively
  • General Contractor
  • Greenville, PA
0
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50
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Seller 2nd Mortgages

Joe Shively
  • General Contractor
  • Greenville, PA
Posted

How hard would it still be to get a loan from a bank for a multi unit property if the owner would carry a second mortgage for 40% of the purchase price.

ie. Building cost 100k. Bank loan for 60k seller carry 2nd 40k.

Is this a good way to acquire rentals without using your own money?

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